The main reason why RBI has not changed interest rates is because India’s consumer price inflation (CPI) rose(increased) to 22 month high of 5.77 % in June. Further last week, the Monetary Policy Framework, signed by RBI and government, retained inflation target at 4 % or margin of plus & minus 2 percentage points. (See details in August 9 Current Affairs)

Implementation of recommendations of 7th pay commission is going to increase income and create further inflation.

To promote and protect the rights of the world’s indigenous population.

2016 Theme: “Indigenous Peoples’ Right to Education”.

Maharashtra Government – launched Quit India Movement:2 against social evils

Maharashtra state Government launched Quit India2 -Swaraaj to Suraaj Movement

Where: At August Krani Maidan, Mumbai

Trivia: On August 8, 1942, Gandhi Ji gave call for Quit India Movement from the same ground. Then it was called Gowalia Tank Maidan

Now what is Quit India 2 Swaraaj to Suraaj Movement

It is a movement to get rid of social evils from society including farmer suicide, illiteracy, wastage of water, malnutrition, addiction among youth and corruption in order to achieve faster all-inclusive progress on all fronts.

NEWS: India approaches US and European FATF countries to crack terror fund trail from Pakistan

India has identified Al Rehmat Trust as the financer of terrorist outfit Jaish-e-Mohammad (JeM) that is responsible for Pathankot airbase (in Punjab) attacks.

So, India has approached US and select European countries that are part of the Financial Action Task Force (FATF) to crack terror fund trail details of the Al Rehmat Trust from Pakistan.

What is FATF?

FATF was established in 1989 during the Paris-G7 Summit to combat the increasing problem of money laundering.

Secretariat is at OECD headquarters in Paris.

Currently, FATF includes over 35 countries including India and 2 regional organizations.

FATF definition- FATF is an inter‐governmental policy-making body with mandate to establish international standards for combating money laundering and terrorist financing.